The question of whether the economy is headed for a double-dip – and will take the stock market with it – could be answered when Q2 earnings season kicks off next week. S&P stocks are projected to see 27% earnings growth over depressed year-ago levels, but “It’s not really going to be about the numbers themselves… It’s all about the outlook.”

The question of whether the economy is headed for a double-dip – and will take the stock market with it – could be answered when Q2 earnings season kicks off next week. S&P stocks are projected to see 27% earnings growth over depressed year-ago levels, but “It’s not really going to be about the numbers themselves… It’s all about the outlook.”

he U.S. Treasury Department declines to officially cite China as a currency manipulator in its report to Congress, noting China’s “significant step” of ending the yuan’s dollar peg. The report says the yuan “remains undervalued” but what matters now is how far and how fast the currency is allowed to appreciate in value.

The U.S. Department of Labor today reported that initial jobless claims fell by 21K last week to 454K, versus a consensus of 460K. Continuing claims, down 224K, are at their lowest level since November. WSJ, Bloomberg